Created with Sketch.Learn about PPP and Loan Forgiveness, stay informed with the latest changes.
Created with Sketch.Need help with 1099's or other Year End topics? Visit our Year End Resources page.
Created with Sketch.New to QuickBooks or using a new product? Visit our Get Started resource page to help you get going.
Created with Sketch.Need to make changes to your account? Visit the Account Manager Portal.
cancel
Showing results for 
Search instead for 
Did you mean: 
Level 1

Can I specify Employer Health Insurance Contribution as a Monthly amount for semi-monthly payroll? The contribution has odd cents.

Whether I round up or down for the half cent, my payroll liability account will get off slightly.
1 Comment
QuickBooks Team

Can I specify Employer Health Insurance Contribution as a Monthly amount for semi-monthly payroll? The contribution has odd cents.

Good day, Carol13.

 

When you set up the employer health insurance item, you'll have to manually divide the contribution amount. If the payroll liability is slightly off, you can create a journal entry to offset the amount. 

 

Here's how to set it up:

  1. Click Workers, then choose Employees.
  2. Choose the employee, then click to open the profile.
  3. Click the Pencil icon next to Pay.
  4. Under Does employee have any deductions?, click the Pencil icon to add a deduction or click Add a new deduction.
  5. Under Deduction/contribution or garnishment, choose Deduction/contribution.
  6. Under Deduction/contribution, choose New deduction/contribution.
  7. Under Deduction/contribution type, choose Health Insurance. Then, under Type, choose Medical Insurance.
  8. Fill in the necessary fields.
  9. Click OK.

Please check my screenshot below.

 

 

As always, I recommend reaching out to your accountant on the best way to categorize the payroll item and journal entries.

 

Feel free to come back if you have other concerns. Have a good day! 

Sign in for the best experience
Ask questions, get answers, and join our large community of QuickBooks users.
Sign In / Sign Up

Need to get in touch?

Contact us